Flat discount of INR 20,000 on S1 X+ to continue
Bengaluru, January 11, 2024: Ola Electric today announced a range of exciting offers worth up to INR 15,000 to mark the onset of harvest festivities across the country. Effective till 15th January, these offers include free extended battery warranty worth up to ₹6,999 on purchase of S1 Pro and S1 Air, exchange bonus of up to INR 3,000, and attractive finance deals. Additionally, the S1 X+ will continue to be available at INR 89,999 with a flat INR 20,000 discount.
Buyers can avail discounts up to INR 5,000 on select credit card EMIs while the bouquet of other finance offers include other deals such as zero down payment, no-cost EMI, zero-processing fee, and interest rates as low as 7.99%.
Ola Electric recently expanded its scooter portfolio to five products. S1 Pro (2nd Generation) is priced at INR 1,47,499, while S1 Air is available at INR 1,19,999. It has additionally introduced the S1X in three variants – S1 X+, S1 X (3kWh), and S1 X (2kWh) to cater to the requirements of riders with diverse preferences. The reservation window for the S1 X (3kWh) and S1 X (2kWh) is open at INR 999 only and will be available at an introductory price of INR 99,999 and INR 89,999, respectively.
Disclaimer:
OLA ELECTRIC MOBILITY LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offering of its equity shares and has filed a draft red herring prospectus dated December 22, 2023 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the websites of SEBI at www.sebi.gov.in, stock exchanges i.e., BSE at www.bseindia.com and NSE at www.nseindia.com, respectively and is also available on the website of our Company at www.olaelectric.com and websites of the book running lead managers, i.e. Kotak Mahindra Capital Company Limited at https://investmentbank.kotak.
The equity shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction. The equity shares have not been and will not be registered under the US Securities Act of 1933 (“U.S. Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable United States state securities laws.
